Two new 4-inch iPhones set to debut this year, iPhone with larger display to launch in 2014 or later

Apple (AAPL) is indeed working on a new iPhone with a larger display, but the device will not launch this year according to a new report. Citing unnamed industry sources, Digitimes on Tuesday reports that Apple has plans to unveil two new smartphone models in 2013. The first will be a follow-up to the iPhone 5 and the second will reportedly be a new lower-cost version, as had been previously reported. Both handsets will utilize 4-inch displays according to Digitmes, contradicting earlier reports that one model might include a larger screen.

Digitmes also stated that iPhone shipments in the first quarter of 2013 are expected to reach about 37 million units and the iPhone 5 will account for just over half that figure at 20 million units. iPhone 5 shipments will then drop further to 18 million units in the second quarter, according to the report.

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